Stream Finance has paused deposits and withdrawals after an external fund manager disclosed a roughly $93 million loss in fund assets, according to the protocol’s announcement on X. The team said it has engaged Perkins Coie attorneys Keith Miller and Joseph Cutler to investigate and is withdrawing all liquid assets while providing periodic updates.

France is weighing two contradictory crypto policies that signal a split vision in Paris: treating digital assets as taxable “unproductive” wealth while pursuing a strategic national Bitcoin reserve. A first-reading amendment in the French National Assembly rebrands the real-estate-focused wealth tax into a broader tax on “unproductive wealth,” explicitly including digital assets.

The T3 Financial Crime Unit (T3 FCU)—a private coalition formed by Tether, TRON, and TRM Labs—froze over $300 million in criminal cryptocurrency assets across 23 countries in its first year, outpacing many government agencies. According to the report, the United States led with $83 million frozen across 37 cases, while cases spanned fraud, scams, money laundering, and high-profile hacks, including $19 million traced to DPRK-linked actors from the Bybit hack.

China’s central bank intensified its stance against stablecoins, with People’s Bank of China (PBoC) Governor Pan Gongsheng calling dollar-pegged tokens a threat to global financial stability and monetary sovereignty. Speaking at the Financial Street Annual Meeting in Beijing, Pan said stablecoins amplify vulnerabilities in the financial system and fall short of core compliance standards, including AML and KYC, warning they can facilitate illicit finance.

Decentralized exchange dYdX published a post-mortem on an Oct. 10 outage that halted the dYdX Chain for roughly eight hours during the largest crypto liquidation event in history. The team attributed the halt to a misordered code process and prolonged validator delays restarting oracle sidecar services, which led to stale oracle data and incorrect trade/liquidation prices once operations resumed.

S&P Global Ratings assigned Michael Saylor’s MicroStrategy a B- credit rating, placing it firmly in speculative “junk bond” territory while maintaining a stable outlook. The agency cited the company’s narrow business focus on Bitcoin, high BTC concentration, weak risk-adjusted capitalization, and low U.S. dollar liquidity as key weaknesses.

The UK's Financial Conduct Authority (FCA) has initiated a civil lawsuit against HTX, formerly Huobi, in London's High Court. The regulator accuses the global crypto exchange of illegally promoting cryptoasset services to UK consumers without proper authorization or registration, marking a significant escalation in the FCA's efforts to enforce its new financial promotions regime for digital assets.

Moon Inc. (HKEX: 1723) has raised roughly HK$65.5 million (about US$8.8 million) to launch a Bitcoin prepaid card in Thailand and South Korea, with broader expansion across Asia under evaluation. The Hong Kong–listed firm, formerly HK Asia Holdings, plans to sell BTC through prepaid card rails at convenience stores, kiosks, and telecom shops—letting users “top up” Bitcoin similar to mobile airtime.

Hong Kong has approved and launched its first spot Solana ETF, issued by ChinaAMC, giving institutional investors regulated exposure to SOL without needing wallets or private keys. Trading begins Oct. 27 on the Hong Kong Stock Exchange across HKD, USD, and RMB counters, tracking the CME CF Solana-USD Index with an expense ratio near 2%.

Evernorth Holdings, a Ripple-linked digital asset firm, plans to go public via a $1 billion SPAC merger with Armada Acquisition Corp. II, aiming to build one of the world’s largest XRP treasuries through open-market purchases. The deal includes a $200 million commitment from Japan’s SBI Holdings, with additional backing expected from Ripple, Pantera Capital, Kraken, and GSR.

Stripe’s new payments-focused blockchain, Tempo, secured $500 million in Series A funding led by Thrive Capital and Greenoaks, valuing the Layer-1 network at $5 billion, according to Fortune. The raise comes less than two months after Stripe unveiled Tempo in partnership with Paradigm, positioning it as a “payments-oriented L1” optimized for high-scale, real-world financial applications like stablecoin payments and cross-border settlements.

The U.S. SEC approved 21Shares’ Form 8‑A (12B) for its Solana Spot ETF, officially registering it on the Cboe BZX Exchange and signaling trading could begin soon. This SEC approval has fueled bullish market sentiment, with investors debating whether Solana (SOL) can rally to $300 and set new all‑time highs.

The UK is moving to compensate victims of a massive Bitcoin fraud tied to a 61,000 BTC seizure, but court filings and policy signals suggest the government may retain most of the estimated $7.2 billion haul after restitution. The Home Office is developing a centralized “crypto storage and realisation framework” to manage confiscated digital assets, while civil recovery proceedings determine how funds are distributed.

The Bank of England (BoE) has clarified that its proposed caps on stablecoin holdings and transaction sizes are intended to be temporary safeguards, not permanent barriers to digital asset adoption. Speaking at DC Fintech Week, Deputy Governor Sarah Breeden emphasized the BoE’s aim to support a role for regulated stablecoins within a “multi‑money system” while preserving financial stability during the transition.

Ripple CEO Brad Garlinghouse is urging U.S. policymakers to treat compliant crypto companies on par with traditional finance (TradFi) institutions. Speaking at DC Fintech Week, he said firms that meet Anti-Money Laundering (AML), Know Your Customer (KYC), and Office of Foreign Assets Control (OFAC) standards should receive the same regulatory benefits as banks—most notably access to a Federal Reserve “master account.”

A consortium of major banks—including Bank of America, Goldman Sachs, Deutsche Bank, Citi, and led by BNP Paribas—announced a project to explore issuing 1:1 reserve-backed stablecoins on public blockchains, pegged to G7 currencies such as the U.S. dollar, euro, and Japanese yen.

Bitcoin plunged after U.S. President Donald Trump announced 100% tariffs on China, with BTC briefly crashing to $102,000 on Binance perpetual futures and spot prices hitting $107,000 on Coinbase. The escalation—tied to China’s planned export controls on rare earth minerals critical for semiconductors—sparked fears of a broader trade war, recession risk, and a crypto market sell-off.

As the AI market accelerates toward a projected $1T by 2031, the next wave centers on autonomous, agentic systems that browse, negotiate, transact, and collaborate. Many argue that Ethereum—not corporate clouds—offers the most neutral, verifiable substrate for this machine economy. With over $550B secured on-chain and millions of smart contracts, Ethereum’s public ledger serves as “trustware,” giving AI agents a censorship-resistant place to anchor identity, memory, and proof

Jupiter, Solana’s leading DEX aggregator, is launching a new Solana-based stablecoin called JupUSD in partnership with Ethena Labs, slated for mid–Q4 2025. Per the announcement, JupUSD will integrate across Jupiter’s ecosystem as collateral on Jupiter Perps, a core liquidity asset in lending pools, and a primary trading pair—positioning it as the backbone for Solana DeFi users.

Hong Kong-based DDC Enterprise Limited (NYSE: DDC) made its third Bitcoin (BTC) purchase in a week, adding another 100 BTC as it races to build a digital asset treasury targeting 10,000 BTC—roughly $1.2 billion at current prices. The company said it is “accelerating the pace” of acquisitions after laying operational groundwork and partnerships, positioning Bitcoin as a strategic reserve on its balance sheet.